The Royal London group has entered in to an agreement with funds advised by independent private equity firm Vitruvian Partners to support a management-led buyout of Royal London's offshore arm 360° and its subsidiaries for an undisclosed sum.
Royal London is expected to announce the sale of its offshore wealth unit 360 to private equity group Vitruvian Partners, according to reports
Royal London has reported assets under administration on its Ascentric wrap platform have risen 16% to nearly £6bn, in what the company said is the wrap's "best ever quarter".
Royal London 360° has retained its B+ AKG rating by AKG Actuaries and Consultants. The ratings aim to highlight both the financial and relative strength of long-term insurers.
New chairman for Manx Insurance Association (MIA) and latest acquisition for Vistra in Luxembourg.
Royal London 360° sees recent wrap partnerships and plans for new technology enhancements as key drivers in 2012.
Natalie Hall has been appointed ‘Director of Marketing’ at Royal London 360°. Her new role means she will also join the company’s Executive Committee.
Isle of Man-based Royal London 360° has revamped Quantum - its international regular savings product.
IFAs and their clients now have access to a Royal London 360° offshore bond via the True Potential Wealth Platform.
Royal London has reported new business sales up 12% so far in 2011, driven higher by strong performance of its international arm, Royal London 360.
Isle of Man-based Royal London 360° sees growing popularity in single premium bonds and UK offshore wrap partnerships
Wayne Badura has joined the offshore life company as Regional Sales Consultant as Royal London 360° builds on its relationships with IFAs there.
Royal London, owner of Bright Grey, said disruption caused by its takeover of Scottish Provident three years ago had hit service levels following criticism from advisers.
Royal London group received a boost from Scottish Life and 360° during the first half of 2011 but its protection arm suffered a 17% sales slump.
Royal London 360° has appointed Dan Moss as International Sales Manager – North East and North West UK.
Royal London 360° has announced a fillip to savers with its LifePlan international protection product with the immediate withdrawal of credit card fees.